Nainital Bank Limited, a wholly-owned subsidiary of the Bank of Baroda, was founded in the year 1922 to provide convenient banking services to the country’s population. Currently, the bank has more than one hundred and sixty (160) branches across the nation spread across five (5) states, i.e., Delhi, Rajasthan, Haryana, Uttarakhand, and Uttar Pradesh. Given the widespread nature of the bank’s operations, it is in constant need of a competent and qualified workforce. Accordingly, Nainital Bank Limited conducts recruitment examinations for filing eligible posts. In this blog, we will be discussing the Nainital Bank exam process as well as other relevant details associated with the examination.
|Conducting Body||National Bank Limited|
|Frequency of exam||Once a year|
|Mode of examination||Online at designated venues|
|Levels||Two (2) – Examination and interview/document verification|
This Blog Includes:
- Important Dates for Nainital Bank Exam 2023
- Eligibility Criteria for Nainital Bank Exam
- Registration Process for The Nainital Bank Exam
- Syllabus for Nainital Bank Written Exam
- Exam Pattern for Nainital Bank Exam
- Recommended Books for Preparation
- Salary and Benefits
- Nainital Bank Exam – Indemnity Bond
- Preparation Tips
Important Dates for Nainital Bank Exam 2023
The relevant dates for the upcoming Nainital Bank exam for the year 2023 are yet to be notified. We urge you to keep an eye on this space for more information.
Eligibility Criteria for Nainital Bank Exam
Nainital Bank Limited historically invites applications for suitable candidates for the posts of Probationary Officers and Clerks. The eligibility criteria for these posts are discussed below:-
|Clerks||Bachelor or post-graduate degree with at least a score of forty-five (45) percent from a perceived institute/university
Basic knowledge of PC applications
|Probationary Officers||Bachelor or post-graduate degree with at least a score of fifty (50) percent from a perceived institute/university
Essential information on PC applications is expected
It is also pertinent to mention here that candidates possessing one (1) or two (2) years of relevant experience in the banking or monetary sector will be given due preference.
Registration Process for The Nainital Bank Exam
The application process is online and candidates need to visit the official website and fill in the required details to generate a registration ID and password.
Fees for Nainital Bank Exam
The fee schedule for the exam is stated below:-
|Probationary Officer||INR 1500|
* Inclusive of GST.
Syllabus for Nainital Bank Written Exam
The detailed syllabus for the Nainital Bank exam is discussed below. Notwithstanding the syllabus, it is vital that candidates also keep themselves updated on the latest developments in the banking and finance sector to have a better chance at clearing the exam.
|Reasoning||40 marks||Numbers, Rankings, Time sequences, Coding-decoding, Venn diagrams, Analogy, Statement-argument, Puzzles|
|English comprehension||40 marks||Reading comprehension, Jumbled sentences, Alliterations, Metaphors, Similies, Oxymorons, Prefix and suffix, Error spotting, Active and passive voice, Tenses|
|General Awareness||40 marks||Abbreviations, Current events and affairs Economic, news, Banking news, Sports, History, Indian Constitution|
|Quantitative Aptitude||40 marks||Trigonometry, Time and work Mensuration, Simple and compound interest, Data interpretation, Profit and loss percentage, Number series, Probability|
|Computer knowledge||40 marks||Computer hardware, Computer software,MS Word, MS Excel, MS PowerPoint, Internet usage|
*This list is not exhaustive.
Once the candidate clears the written examination, there will be a personal interview. After the personal interview, the list of selected candidates will be intimated.
Also Read: IBPS PO
Exam Pattern for Nainital Bank Exam
The exam pattern is discussed below:-
|Duration of exam||One hundred and forty-five (145) minutes|
|Language of exam||English|
|Negative marking||Yes. One-fourth of marks will be deducted for every incorrect answer.|
Recommended Books for Preparation
Keeping in mind the syllabus and the large number of topics involved, here is a list of recommended books that would help you prepare better and ace the exam:
|Topics||Name of the book and author|
|Reasoning||A modern approach to logical reasoning by R.S. Aggarwal|
|General/computer awareness||Lucent G.K. by Dr. Binay Karna and Manwendra Mukul|
|English||High school English grammar by Wren & Martin|
|Quantitative aptitude||Fast track objective arithmetic by Rajesh Verma|
However, given the vast syllabus, candidates should do their research and find additional literature best suited for their preparation.
Salary and Benefits
Candidates who clear both the written examination and the interview will then be selected for the post of Probationary Officer or Clerk. The below table illustrates the average Cost to Company (CTC) for both of these posts:
|Post||Average Cost to Company|
|Probationary Officer||INR 7 Lakhs per annum|
|Clerk||INR 3.70 Lakhs per annum|
Also Read: A Guide On How to Prepare for Bank Exams
Nainital Bank Exam – Indemnity Bond
It is crucial for the candidates to keep in mind that, once selected, they will be required to sign an indemnity bond for a designated time frame with the employer. The bond details are illustrated below:-
|Post||Bond amount||Time period|
|Probationary Officer||INR 3 Lakhs||2 years|
|Clerk||INR 1 Lakh|
A well-thought-out strategy and its implementation is often the key to success in competitive exams. Candidates must have a clear understanding of their objectives so that they can work towards the same. Here are a few tips for candidates preparing for the AML KYC exam:-
- Be thorough with the syllabus and try not to keep any parts of the syllabus unfinished or untouched.
- Stay updated with the latest developments in the relevant field to gain an edge over the competition.
- Attempt previous examination papers to gain insight into your preparation.
- For the interview, if selected, follow a formal dress code.
Also Read: SBI Clerk Exam
No. The exam is online at designated venues.
There is no restriction on the number of attempts as long as the eligibility criteria are fulfilled.
There is no pre-decided pass percentage and it varies from year to year depending on the number of candidates, difficulty level, etc.
No. They refer to the same position. Recruits are usually referred to as probationary officers.